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Tag: FASB

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  • Financial Reporting

‘Little GAAP’ vs. Financial Reporting Framework: As a CPA, People Expect You to Know This Crap

  • Greg Kyte
  • August 27, 2013

Welcome to the latest edition of Accumulated Deprecation, Greg Kyte's monthly column. Go here to read more of Greg's posts.

GAAP is hard. I mean it was hard. But now accounting for private companies and small- and medium-size entities (SMEs) is super easy compared with just two months ago. 
  • SEC

Ex-SEC Chief Accountant Taking His Experience in Unfinished Business to the FASB

  • Caleb Newquist
  • July 24, 2013

James Kroeker, 44, will be a vice chairman of the U.S. Financial Accounting Standards Board, […]

  • Financial Reporting

NASBA Stands Behind FASB’s Private GAAP, Can’t Believe the AICPA’s Chutzpah

  • Caleb Newquist
  • June 13, 2013

On Tuesday we discussed the AICPA's effort to offer a new OCBOA for small businesses, […]

  • Financial Reporting

Companies Wanting More Liabilities on Their Balance Sheets Will Love the New Lease Accounting Proposal

  • Caleb Newquist
  • May 16, 2013

What's that you say, Hans? No one wants more liabilities on their balance sheet?   […]

  • Financial Reporting

You Know the Convergence of Loan Loss Accounting Is in Sorry Shape When Banks Are a Voice of Reason

  • Caleb Newquist
  • May 15, 2013

Right now, the FASB and IASB are nowhere near agreeing on how loan loss accounting […]

  • Financial Reporting

It’ll Be Nothing Short of a Miracle for Meaningful Lease Accounting Reform to Become Reality

  • Caleb Newquist
  • May 2, 2013

Since FASB Statement No. 13 was issued in the mid-70s, businesses have managed to develop a […]

  • Financial Reporting

Nice Neighborhood Dad Named New FASB Chairman

  • Caleb Newquist
  • April 23, 2013

Russell Golden will be your new FASB Chairman effective July 1st. He's been at the […]

  • Financial Reporting

At Best, FASB’s Credit Loss Proposal Could Result in Earnings Management; At Worst, FASB’s Credit Loss Proposal Could Result in Lots of Earnings Management

  • Caleb Newquist
  • April 16, 2013

The idea behind the FASB's credit loss proposal is that it would require banks to […]

  • News

FASB Wants to Make a Comment Period Longer, But How Can You Make Punctuation Longer? Maybe If It’s a Comment Ellipsis!

  • Caleb Newquist
  • April 1, 2013

Everybody's sick of banks being too big to fail. The only thing Americans ever liked […]

  • Financial Reporting

Maybe We Should Just Let the Banks Write Their Own Loan Loss Accounting Rules

  • Caleb Newquist
  • March 18, 2013

Banks really appreciate the effort to move away from the recognition of losses as they […]

  • IFRS

IASB Practically Begging the U.S. to Join Its New Accounting Standards Advisory Forum Now

  • Caleb Newquist
  • February 25, 2013

Back in November the IASB came up with the idea to start a new cool […]

Career Considerations: Accounting Fellaships
  • Career Center

Career Considerations: Accounting Fellaships

  • Caleb Newquist
  • February 21, 2013

Do you think the people that make the rules have all the fun? Are you […]

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Daily Wire is Pissed Off About a PwC Career Program That Excludes White and Asian Candidates

  • Adrienne Gonzalez
  • February 7, 2025

Although this should have been on their radar already because PwC got sued by America First Legal over it two years ago, conservative muckraking site Daily Wire has just now…

guy giving double middle fingers

The Only Piece of Advice You Need to Survive Layoffs at Your Firm

  • Adrienne Gonzalez
  • August 7, 2024

Comment on "How are layoffs decisions really made?" via r/Big4 If it backfires so what, they were going to lay you off anyway. I really hope this advice gets sucked…

woman with glasses being interviewed for a job

Weekend Discussion: Let’s Talk Counteroffers

  • Adrienne Gonzalez
  • June 29, 2024

Earlier this week, a recruiter told me a story about a job seeker who was already employed but looking to jump elsewhere. She interviewed with a firm that really loved…

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